Zcash Price Drop
Zcash price has dropped sharply to below $200, diving by nearly 20% amid a broader crypto pullback.
The price of Zcash (ZEC) tumbled to lows of $190, with its double-digit declines reflecting widespread market unease triggered by macroeconomic pressures.
- Zcash experienced a sharp decline on Friday, dipping to support around the $190 mark.
- The broader crypto market retracement saw total market liquidations surpass $1 billion.
- ZEC fell below the key support level of $200, despite being one of the outperformers in recent weeks.
The price declines are accompanied by rising trading volume to reinforce the profit taking.
According to CoinMarketCap, the daily trading volume for the privacy-focused coin has jumped 26% to over $742 million, while the price has fallen nearly 20% in the same time frame.
Author's summary: Zcash price drops to $190 amid crypto pullback.
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